Richland Resources Ltd (RLD.L) (LON:RLD) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Richland Resources Ltd (RLD.L) (LON:RLD) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.62 ($0.03) and traded as low as GBX 2.53 ($0.03). Richland Resources Ltd (RLD.L) shares last traded at GBX 2.63 ($0.03), with a volume of 149,408 shares traded.

Richland Resources Ltd (RLD.L) Trading Down 36.7 %

The company has a debt-to-equity ratio of 244.12, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of £29.09 million and a P/E ratio of -2.60. The stock has a 50-day moving average price of GBX 2.62 and a two-hundred day moving average price of GBX 2.62.

About Richland Resources Ltd (RLD.L)

Richland Resources Ltd does not have significant operations. Previously, it was engaged in the mining, distribution, and sale of colored gemstones. The company was formerly known as TanzaniteOne Limited. Richland Resources Ltd is based in Hamilton, Bermuda.